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And the rich get richer
posted at March 15, 2013 2:54 AM EDT
First: October 13, 2012
Last: September 28, 2013
Hey everybody. Hello from Sydney!!! This place is awesome to say the least.
Looks like the Plutocracy is alive and well......
Despite earning more than $1 billion in profits last year, social media juggernaut Facebook paid zilch when it came to federal and state taxes in 2012.
In fact, the website will actually be getting a refund totaling $429 million thanks to a tax reduction for executive stock options.
In the coming years, Facebook will continue to get monster tax breaks, totaling about $3 billion.
Read more: http://x2t.com/116/fb